Can I trust the company which has offered me credit after bankruptcy?
August 1st, 2014 by Questions
I filed for personal bankruptcy last year . . . received my discharge a couple of months ago.
A few days ago I received, in the mail, an offer from Canaccede Financial Group offering me a new, unsecured, Affirm MasterCard. They apparently do know I filed for bankruptcy. On the face of it this could be a good thing as it will be a first step in helping me re-establish a credit rating.
However, upon investigating, I have found that this is a collection agency which has acquired a former MBNA account, one which was including in the bankruptcy. This kind of sets off alarm bells for me . . . although technically this debt no longer exists, why would the buy it from MBNA, then offer me credit?
Could this be just a back-door way of trying to collect on an old debt, even though it has been written off by the bankruptcy? I see reports of this, i.e. reviving old debts or zombie debts, happening a lot in the US, but not sure if things have sunk this low in Canada.
Posted from: Alberta